The $2.5 billion Northwest Federal Credit Union in Herndon, Va., is among the latest to receive approval to become an SBA lender.
The Small 7(a) Lender of the Year Award was shared by Village Bank & Trust of Des Plaines, Ill., and Eastern Bank of Boston.
More than 80% of small business loans made by SBLF participants were made in amounts of $250,000 or less, according to the Treasury Department.
Sen. Seth Goodall has applauded the support he received from his credit union when he started a landscape business.
Three years after it started offering business loans, Members Choice CU moves to No. 9 on the SBA list for big Texas market.
More than 100 business people also gathered for recent seminar at Philadelphia's Temple University.
The Veteran Pledge Initiative involves the SBA and 20 of the country’s top national, regional and community lenders, the agency said.
The $125 million cooperative in Reno, Nev., said it is the first new SBA lender in northern Nevada in more than nine years.
Canadian Federation of Independent Business surveyed nearly 13,000 small business owners to get the rankings.
At a time when some credit unions are looking for ways to boost their loan portfolios, they may want to consider giving more consideration to two groups that fear seeking out financing for their business start-ups or expansions.